Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HD CONSTRUCTION EQUIPMENT HYUNDAI EUROPE from Tessenderlo-Ham, company number BE0454495082, closed financial year 2025 with a result of € 5.2 million after tax. For that financial year HD CONSTRUCTION EQUIPMENT HYUNDAI EUROPE recorded revenue of € 285.5 million and equity of € 84.3 million. Compared with financial year 2024, the result moved from € 2.4 million to € 5.2 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 27, 2026.
€ 84.3 million
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5.2 million
▲ 119% vs 2024
Profit after tax over the fiscal year.
€ 5.8 million
▲ 209% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 80.7 million.
People and assets in 2025
78.3
▼ 5.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 14.9 million
▲ 2% vs 2024
€ 190,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 544,229
▼ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 30.6 million
▼ 9% vs 2024
€ 1.9 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 70.3 million
▲ 81% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 89 days on average.
€ 2.8 million
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 326,296,008 | € 329,198,171 | € 263,802,746 | € 285,489,728 | ▲ 8% |
| Profit after taxes | € 7,131,622 | € 5,255,845 | € 2,369,551 | € 5,183,431 | ▲ 119% |
| Equity | € 71,455,497 | € 76,711,342 | € 79,080,893 | € 84,264,324 | ▲ 7% |
| Total debts | € 94,503,711 | € 121,197,249 | € 81,698,889 | € 110,479,278 | ▲ 35% |
| Cash | € 4,335,038 | € 1,407,305 | € 1,891,116 | € 5,846,847 | ▲ 209% |
| Land & buildings | € 21,646,627 | € 20,749,276 | € 19,699,859 | € 18,709,406 | ▼ 5% |
| Retained profit | € 67,855,497 | € 73,111,342 | € 75,480,893 | € 80,664,324 | ▲ 7% |
| Bank debt | € 16,525,769 | € 34,807,110 | € 33,730,903 | € 30,621,010 | ▼ 9% |
| Balance sheet total | € 169,310,247 | € 201,262,410 | € 162,942,039 | € 197,163,147 | ▲ 21% |
| Employees (FTE) | 87.6 | 81.8 | 83.7 | 78.3 | ▼ 5.4 |
Key figures of HD CONSTRUCTION EQUIPMENT HYUNDAI EUROPE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to HD CONSTRUCTION EQUIPMENT HYUNDAI EUROPE?
What happened at HD CONSTRUCTION EQUIPMENT HYUNDAI EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Johan Thiels stepped down as director. NBB
- Sanho Shin stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 5.2 million (▲ 119% vs 2024). Source: NBB ↗
- Seok Kyu Lee stepped down as director. NBB
- Johan Thiels became a director. NBB
- Sanho Shin became a director. NBB
- Hee Joon Song stepped down as director. NBB
- Chang Young Shim stepped down as director. NBB
In short
From € 7.1 million profit in 2022 to € 5.2 million profit in 2025.
Paid € 7.9 million in corporate taxes since 2022.
Best year ever: 2022, with € 7.1 million profit.
Pays suppliers within 89 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Hee Joon Song
Director
since 2023 · until 2025
Johan Thiels
Director
since 2025 · until 2029
Sanho Shin
Director
since 2025 · until 2029
Chang Young Shim
Managing director
since 2023 · until 2025
Seok Kyu Lee
Director
since 2023 · until 2026
Establishments
Establishment units
Physical locations of this company
Hyundailaan 4
3980 Tessenderlo-Ham
Steentijdstraat(VER) ZN
9130 Beveren-Kruibeke-Zwijndrecht
Active since 7 October 2014
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
hyundai-ce.eu
Registrar
Combell NV
Website info
Features
Security
Network
Details
- Company number
- 0454.495.082
- VAT number
- BE 0454.495.082
- Registered office
- Hyundailaan 4, 3980 Tessenderlo-Ham
- Names & denominations
- HD CONSTRUCTION EQUIPMENT HYUNDAI EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 February 1995
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- hyundai.eu [email protected] 014562200
- Activities · NACE
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